off-the-wire

Indonesia aims to increase ownership of Freeport unit by more than 10%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Indonesia aims to increase ownership of Freeport unit by more than 10% teaser image

The Indonesian government is aiming to increase the state share of the copper and gold miner PT Freeport Indonesia by more than 10%, the country’s mining minister Bahlil Lahadalia said on Monday.

Indonesia has flagged its interest in gaining more control over Freeport Indonesia in recent years, with Bahlil saying that it would be a condition for Freeport to extend its mining permit beyond 2041.

(By Stefanno Sulaiman and Fransiska Nangoy; Editing by David Stanway)

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